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SoftBank nears deal to invest $3 bln in U.S. startup WeWork - CNBC
February 26, 2017 / 11:30 PM / 9 months ago

SoftBank nears deal to invest $3 bln in U.S. startup WeWork - CNBC

Feb 26 (Reuters) - Japan’s SoftBank Group Corp is close to finalizing an investment in U.S. office-sharing startup WeWork in a deal expected to be worth over $3 billion, CNBC reported on Sunday.

The investment under discussion is a $2 billion primary tranche of funding, followed by a secondary round worth more than $1 billion, CNBC reported, citing a source.

SoftBank may increase the size of the secondary investment to nearly $2 billion for a total investment of nearly $4 billion, CNBC added.

SoftBank could not immediately be reached for comment. WeWork declined to comment. (Reporting by Ismail Shakil in Bengaluru; Editing by Cynthia Osterman)

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